Credo Technology Group Holding Ltd (CRDO) Income Statement
CRDO FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsCRDO revenue and net income
Where CRDO's revenue goes
FY2026Each bar shows an amount and its share of revenue. CRDO kept 35.4% of revenue as net income.
CRDO profit margins
CRDO growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +205.7% | +93.5% | +86.8% | — |
| Gross profit | +221.1% | +104.5% | +88.4% | — |
| Operating income | +1,071.2% | — | — | — |
| Net income | +805.0% | — | — | — |
| EPS (diluted) | +381.7% | +284.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRDO quarterly EPS vs estimates
Credo Technology beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: December 7, 2026 (estimate $1.03).
CRDO income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.34B | $436.8M | $193.0M | $184.2M | $106.5M | $58.7M | $53.8M |
| Cost of revenue | $426.8M | $153.9M | $73.5M | $78.0M | $42.5M | $20.4M | $7.7M |
| Gross profit | $908.3M | $282.9M | $119.4M | $106.2M | $64.0M | $38.3M | $46.1M |
| Research & development | $279.4M | $146.0M | $95.5M | $76.8M | $47.9M | $34.8M | $27.6M |
| Sales, general & admin | $184.0M | $98.9M | $60.2M | $48.2M | $34.9M | $28.7M | $16.5M |
| Total operating expenses | $463.3M | $244.9M | $156.5M | $127.4M | $86.0M | $63.5M | $44.0M |
| Operating income | $445.0M | $38.0M | −$37.1M | −$21.2M | −$22.0M | −$25.2M | $2.1M |
| Interest expense | — | — | — | $6.5M | $6.5M | $62,000 | $0 |
| Income before taxes | $475.4M | $54.9M | −$22.7M | −$17.9M | −$22.2M | −$25.3M | $2.1M |
| Income taxes | $3.2M | $2.7M | $5.6M | −$1.4M | −$37,000 | $2.2M | $766,000 |
| Net income | $472.3M | $52.2M | −$28.4M | −$16.5M | −$22.2M | −$27.5M | $1.3M |
| EBITDA | $510.1M | $76.8M | −$22.5M | −$9.3M | −$14.0M | −$23.0M | $3.9M |
| EPS (diluted) | $3.42 | $0.71 | $0.09 | $0.06 | −$0.24 | −$0.19 | $0.02 |
| Gross margin | 68.0% | 64.8% | 61.9% | 57.7% | 60.1% | 65.2% | 85.6% |
| Operating margin | 33.3% | 8.7% | −19.2% | −11.5% | −20.6% | −43.0% | 3.8% |
| Net margin | 35.4% | 11.9% | −14.7% | −9.0% | −20.8% | −46.9% | 2.5% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $479.0M | $437.0M | $407.0M | $268.0M | $223.1M | $170.0M | $135.0M | $72.0M | $59.7M | $60.8M | $53.1M | $44.0M |
| Cost of revenue | $169.9M | $138.9M | $128.1M | $87.0M | $72.7M | $55.8M | $49.1M | $26.5M | $22.4M | $20.8M | $20.5M | $17.9M |
| Gross profit | $309.1M | $298.1M | $278.9M | $181.0M | $150.4M | $114.2M | $85.9M | $45.5M | $37.3M | $40.0M | $32.6M | $26.1M |
| Research & development | $114.5M | $90.5M | $78.5M | $57.9M | $52.4M | $47.6M | $36.3M | $31.7M | $30.4M | $26.9M | $24.2M | $21.7M |
| Sales, general & admin | $73.9M | $51.7M | $50.8M | $44.3M | $37.2M | $31.9M | $23.5M | $22.2M | $21.3M | $20.2M | $14.2M | $13.3M |
| Total operating expenses | $188.4M | $142.2M | $129.2M | $102.2M | $89.6M | $79.5M | $59.7M | $53.9M | $51.7M | $47.8M | $38.5M | $35.0M |
| Operating income | $120.7M | $155.8M | $149.6M | $78.8M | $60.7M | $34.7M | $26.2M | −$8.4M | −$14.5M | −$7.9M | −$5.9M | −$8.9M |
| Income before taxes | $128.8M | $168.0M | $159.1M | $83.7M | $64.7M | $37.6M | $30.1M | −$3.9M | −$8.9M | −$2.7M | −$1.6M | −$6.2M |
| Income taxes | −$585,000 | −$1.1M | $1.9M | $1.0M | $1.3M | $1.0M | $752,000 | $292,000 | $622,000 | $7.8M | −$2.0M | $450,000 |
| Net income | $129.4M | $169.1M | $157.1M | $82.6M | $63.4M | $36.6M | $29.4M | −$4.2M | −$9.5M | −$10.5M | $428,000 | −$6.6M |
| EBITDA | $149.0M | $184.2M | $165.8M | $90.3M | $70.1M | $45.3M | $35.2M | $1.1M | −$4.7M | −$3.4M | $1.8M | −$2.5M |
| EPS (diluted) | $0.78 | $1.16 | $1.07 | $0.67 | $0.52 | $0.35 | $0.25 | $0.07 | $0.04 | $0.07 | $0.04 | $0.01 |
| Gross margin | 64.5% | 68.2% | 68.5% | 67.5% | 67.4% | 67.2% | 63.6% | 63.2% | 62.4% | 65.8% | 61.4% | 59.3% |
| Operating margin | 25.2% | 35.7% | 36.8% | 29.4% | 27.2% | 20.4% | 19.4% | −11.7% | −24.2% | −13.0% | −11.1% | −20.2% |
| Net margin | 27.0% | 38.7% | 38.6% | 30.8% | 28.4% | 21.5% | 21.7% | −5.9% | −16.0% | −17.2% | 0.8% | −15.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRDO's financial statements (latest annual report filed June 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRDO financial results
In fiscal year 2026 (ended April 30, 2026), Credo Technology reported revenue of $1.3 billion, up 205.7% from the year before. It had net income of $472.3 million (up 805.0%), a net profit margin of 35.4%. Diluted earnings per share came to $3.42. Over five years revenue grew at an average rate of 86.8% a year.
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CRDO income statement FAQ
What is Credo Technology's annual revenue?
Credo Technology reported total revenue of $1.3 billion for fiscal year 2026, which ended on April 30, 2026. That was up 205.7% from $436.8 million the previous year.
Is Credo Technology profitable?
Yes. Credo Technology reported net income of $472.3 million in fiscal 2026, a net profit margin of 35.4%; its operating margin was 33.3%.
What is Credo Technology's gross margin?
Credo Technology's gross margin was 68.0% in fiscal 2026: for every $100 of revenue, Credo Technology kept $68 after the direct cost of its products and services.
How much does Credo Technology spend on research and development?
Credo Technology spent $279.4 million on research and development in fiscal 2026, 20.9% of revenue.
How fast is Credo Technology growing?
Revenue grew 86.8% a year on average over the last five fiscal years, from $58.7 million to $1.3 billion.
What are Credo Technology's earnings per share?
Credo Technology earned $3.42 per diluted share in fiscal 2026, compared with $0.71 a year earlier.
When will Credo Technology report its next earnings?
Credo Technology is expected to report results for the quarter ending October 31, 2026 on December 7, 2026.
When does Credo Technology's fiscal year end?
Credo Technology's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 15, 2026.